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LAS VEGAS-MGM Mirage’s hospitality subsidiary is creating a new unit focused on gaming expansion into new international markets, the company said Tuesday. MGM Mirage Global Gaming Development will be lead by Lloyd Nathan, who has been with the company since 2002, most recently as EVP and managing director of Hong Kong-based MGM Mirage International.

The new unit’s initial project is MGM Ho Tram, an 1,100-room beachfront casino resort in southwest Vietnam that is under construction and slated for completion in 2011. Asian Coast Development Ltd., a Toronto-based company in which New York City-based Harbinger Capital has a stake, will own and finance MGM Ho Tram. MGM Mirage will provide development assistance, brand equity, and will operate the property upon completion. MGM Ho Tram is planned as the first phase of a $4.2-billion integrated beachfront resort complex by ACDL.

“We believe that there are significant opportunities for MGM MIRAGE Hospitality to develop luxury resort properties outside the United States, which will include gaming in appropriate venues,” says MGM Mirage Hospitality president Gamal Aziz.

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